While Bitcoin is up 5% over the past two days, the crypto-asset market remains in consolidation.After hitting $10,100 in late April, the cryptocurrency has stagnated under that key level. It has since traded in a relatively tight consolidation pattern from $8,500 to $9,500, failing to move decisively out of this range.Though a popular trader says…
Although there were some early signs that an altcoin season may be upon us, top crypto assets like Ethereum have been reverted to weakening performance against Bitcoin.However, a big move is potentially coming, as the Bollinger Band Width of most major crypto assets on their BTC trading pairs is indicating a distinct lack of volatility…
The lingering correlation between Bitcoin and the S&P 500 may be soon coming back to haunt the cryptocurrency market if a chillingly accurate sell signal sends the major US stock index tumbling back towards Black Thursday lows.Could the correlation cause the same for the first-ever cryptocurrency?Bitcoin’s Continued Correlation With the S&P 500 Could Lead to…
Bitcoin breaks below $9,500, a crucial support level, a day after breaching it to the upside.The cryptocurrency pared its intraday gains ahead of Donald Trump’s retaliating press conference on China’s national security law for Hong Kong.Its downside move laggingly tailed a similar price action in the S&P 500. The U.S. benchmark closed Thursday down 0.2…
Bitcoin has been on an impressive rally over the past two months.From the $3,700 lows seen on March 13th, the asset has rallied over 150%. This 150% performance means BTC has outperformed basically any other multi-billion-dollar asset over the same time period.This strong surge to fresh highs hasn’t convinced everyone that Bitcoin is in a…
Bitcoin is up more than 4% and it broke the key $9,500 resistance zone against the US Dollar. BTC price is currently correcting lower, but dips remain supported near $9,350.Bitcoin gained traction above the $9,300 and $9,500 resistance levels.The price traded as high as $9,624 and it is currently correcting lower.There is a major ascending…
Over the past few weeks, analysts have said Bitcoin is finally finding a local top.For the third time in a matter of months, the cryptocurrency was rejected in the $10,000 range. It was a rejection that caused many to reconsider their bullish stance on BTC due to the level’s importance.Though derivatives data and simple technicals…
Just a day after Goldman Sachs came out with a scathing presentation on Bitcoin, the asset is rallying. Investors are clearly shaking off the “FUD” the multinational bank through the cryptocurrency market’s way.Just minutes ago as of the time of this article’s writing, BTC shot higher to cross $9,600. It reached a local high of…
Bitcoin has been flashing signs of immense strength throughout the past few days as it pushes up towards the mid-$9,000 region.Although on a surface level this movement appears to be bullish, it is important to note that the cryptocurrency is now pushing up against heavy resistance. A rejection here could ultimately lead it to see…
Bitcoin has an incredibly scarce supply of just 21 million BTC. This supply was just slashed in half with the asset’s halving.An institutional focused investment firm that was previously absorbing as much as two-thirds of the newly mined BTC supply, is now buying up as much as 150% of it. Is this a sign that…